COVID-19: Latin America's Largest Airline Filed For Bankruptcy

LATAM Airlines - the largest airline in Latin America on May 26, filed for bankruptcy in the US after the business activities plummeted due to the Covid-19 acute respiratory infection.

In a statement, the Chilean-Brazilian airline stated: 

"On May 26, LATAM Airlines Group has filed for restructuring under Chapter 11 Protection in the US." 

while stressing that the move will not immediately impact on passenger or cargo flights.

Last month, LATAM Airlines said it will reduce 95% of its operations in response to the global health crisis, which has dealt a blow to the world's travel and travel sectors.